High Liner Foods (TSE:HLF) Stock Rating Upgraded by BMO Capital Markets

High Liner Foods (TSE:HLF) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a C$20.50 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 21.52% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group set a C$21.00 target price on High Liner Foods and gave the company a “buy” rating in a report on Thursday, May 22nd. Raymond James Financial set a C$22.00 target price on High Liner Foods and gave the company an “outperform” rating in a report on Tuesday, June 17th. Finally, Royal Bank Of Canada raised their target price on High Liner Foods from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$20.88.

High Liner Foods Stock Performance

TSE:HLF opened at C$16.87 on Thursday. The firm’s fifty day moving average price is C$16.70 and its 200 day moving average price is C$17.11. High Liner Foods has a 1-year low of C$12.25 and a 1-year high of C$19.07. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The firm has a market cap of C$489.72 million, a price-to-earnings ratio of 10.54 and a beta of 0.69.

About High Liner Foods

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.